Retail Showroom with Open
123 W Princeton Dr Princeton, TX 75407
New
For Sale
Contact for pricing
Showroom space with a flexible open floorplan designed for owner occupancy and easy multiuse buildout.
Property Size6,784 SF
Price / SF$350.09
Days on Market4
Property Features for 123 W Princeton Dr
General Information
Standard status
Active
Size
6,784 SF
Property subtype
Retail, Office
Building Details
Year Built
2005
Listing Agency:
Compass Dallas
Listed By:
Chris DiGino · License #0564026
Source:
Crexi
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 5:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Dallas
Investment Insights
Based on property information with market context.
This retail showroom offering is presented as an open-floorplan space currently used as a showroom and available for owner occupancy. The layout is flexible, supporting straightforward modification for multiuse use within a retail environment.
The property includes 6,784 SF total, with 3,786 SF of offering space, and is supported by its frontage on HWY 380. The current configuration can be adapted to a range of neighborhood-serving concepts such as medical, professional, neighborhood services, and child-related activities.
Built in 2005, the property’s showroom configuration and open floor plan can support a variety of retail and service formats where flexible interior space is valuable.
The property includes 6,784 SF total, with 3,786 SF of offering space, and is supported by its frontage on HWY 380. The current configuration can be adapted to a range of neighborhood-serving concepts such as medical, professional, neighborhood services, and child-related activities.
Built in 2005, the property’s showroom configuration and open floor plan can support a variety of retail and service formats where flexible interior space is valuable.
Key Highlights
- 3,786 SF showroom space with flexible open floorplan
- 6,784 SF total property size
- Available for owner occupancy
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $163.6k | $24.12 |
| − Vacancy | −$7.7k | −$1.13 |
| EGI | $155.9k | $22.99 |
| − OpEx | −$46.8k | −$6.90 |
| NOI | $109.2k | $16.09 |
6,784 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.56M
$1.36M – $1.82M
NOI $109,158 @ 7.0% cap · market cap 4.60%
Second Best
Office B
$1.23M
$1.08M – $1.43M
NOI $86,034 @ 7.0% cap · market cap 3.62%
Theoretical Best
Industrial
$6.74M
$5.90M – $7.86M
NOI $471,870 @ 7.0% cap · market cap 19.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Showroom space with a flexible open floorplan designed for owner occupancy and easy multiuse buildout.
Where is this retail space located?
The property is located at 123 W Princeton Dr Princeton, TX.
What is the asking price?
The asking price for this property is $2,375,000.
What are key features of this property?
This property features: 3,786 SF showroom space with flexible open floorplan; 6,784 SF total property size; Available for owner occupancy
